Spain largest recipient of outbound Vietnamese investment

Update: 08:44 | 02/05/2019

Spain was the largest among 23 recipients of outbound Vietnamese investment in the first four months of 2019, according to the General Statistics Office (GSO).

Data shows that the European country received US$59.8 million, followed by Cambodia with US$37.9 million and Malaysia with US$13.9 million. Vietnamese investment in the United States was US$12.6 million in the January-April period.

Spain, largest recipient, outbound Vietnamese investment, General Statistics Office, European country, science-technology projects, accommodation and catering services

The Vietnam-Spain Business Forum in 2017.

According to the GSO, total outbound Vietnamese investment reached US$149.5 million in the first four months of the year, including US$96 million in 44 new projects and US$53.5 million in existing projects.

A breakdown of the sectors shows that science-technology projects received the largest share at US$81.8 million, accounting for 54.7% of the total investment pledges.

Financial, banking and insurance services came second with US$36.1 million, followed by US$16.5 million in wholesale, retail, car and motorbike repairs.

Investment in accommodation and catering services reached US$7 million.

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Source: NDO

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